Weiss Ratings Reiterates "Sell (D-)" Rating for Trinseo (NYSE:TSE)

Key Points

• Weiss Ratings has reiterated a "sell (D-)" rating for Trinseo (NYSE:TSE), indicating ongoing concerns about the company's performance.
• Trinseo's stock price fell by 1.5% to $2.02, with earnings per share reported at ($2.12), significantly missing analysts' estimates.
• Insider trading activity showed Director Matthew Farrell purchasing 48,609 shares at an average price of $2.43, increasing his position by 24.11%.

Trinseo (NYSE:TSE - Get Free Report)'s stock had its "sell (d-)" rating restated by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Trinseo Stock Down 1.5%

Shares of TSE traded down $0.03 during mid-day trading on Wednesday, reaching $2.02. The company's stock had a trading volume of 378,773 shares, compared to its average volume of 340,548. The business has a fifty day moving average of $2.41 and a 200 day moving average of $2.96. The company has a market cap of $72.62 million, a price-to-earnings ratio of -0.18 and a beta of 1.44. Trinseo has a 1 year low of $1.90 and a 1 year high of $6.85.

Trinseo (NYSE:TSE - Get Free Report) last released its earnings results on Wednesday, August 6th. The basic materials company reported ($2.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.49) by ($0.63). The firm had revenue of $784.30 million during the quarter, compared to the consensus estimate of $966.82 million. On average, analysts predict that Trinseo will post -3.88 earnings per share for the current year.

Insider Buying and Selling at Trinseo

In related news, Director Matthew Farrell purchased 48,609 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were acquired at an average cost of $2.43 per share, with a total value of $118,119.87. Following the completion of the purchase, the director owned 250,225 shares of the company's stock, valued at $608,046.75. The trade was a 24.11% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired 100,000 shares of company stock valued at $240,028 over the last 90 days. Corporate insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On Trinseo

Hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its position in Trinseo by 43.0% during the first quarter. Goldman Sachs Group Inc. now owns 343,604 shares of the basic materials company's stock worth $1,264,000 after buying an additional 103,294 shares during the last quarter. Acadian Asset Management LLC increased its position in Trinseo by 267.9% during the first quarter. Acadian Asset Management LLC now owns 329,306 shares of the basic materials company's stock worth $1,208,000 after buying an additional 239,793 shares during the last quarter. Kohmann Bosshard Financial Services LLC increased its position in Trinseo by 28.9% during the first quarter. Kohmann Bosshard Financial Services LLC now owns 44,605 shares of the basic materials company's stock worth $164,000 after buying an additional 10,000 shares during the last quarter. OMERS ADMINISTRATION Corp increased its position in Trinseo by 11.6% during the first quarter. OMERS ADMINISTRATION Corp now owns 72,200 shares of the basic materials company's stock worth $266,000 after buying an additional 7,500 shares during the last quarter. Finally, Brightline Capital Management LLC grew its position in shares of Trinseo by 7.5% in the first quarter. Brightline Capital Management LLC now owns 1,016,000 shares of the basic materials company's stock valued at $3,739,000 after purchasing an additional 71,000 shares during the last quarter. 82.69% of the stock is owned by institutional investors and hedge funds.

About Trinseo

Trinseo PLC operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally. It operates through five segments: Engineered Materials, Latex Binders, Plastics Solutions, Polystyrene, and Americas Styrenics. The Engineered Materials segment offers rigid thermoplastic compounds and blends, soft thermoplastic, continuous cast, cell cast, activated methyl methacrylates (MMA), PMMA resins, and extruded PMMA sheets and resins for consumer electronics, medical, footwear, automotive, and building and construction applications under the EMERGE, CALIBRE, PLEXIGLAS, ALTUGLAS, ACRYSPA, AVONITE, STUDIO, MEGOL, APILON, APIGO, and APINAT brands.

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